Question
A 5-year asset originally cost $80,000. After taking a total depreciation of 52% in 2 years, it was sold for $25,000. Companys tax rate =
A 5-year asset originally cost $80,000. After taking a total depreciation of 52% in 2 years, it was sold for $25,000. Companys tax rate = 40%, So, net cash flow from the sale was:
a. $30,360 b. $25,600
c. $38,400 d. None of the above
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Contemporary Financial Management Fundamentals
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
1st Edition
0324015771, 9780324015775
